Benchmark Reiterates Hold Rating for RXO (NYSE:RXO)

RXO (NYSE:RXO – Get a Free Report)The stock’s “hold” rating was adjusted by equity researchers at Benchmark in a research note issued Friday, Benzinga reports.

Several other equity research analysts have also recently issued reports on RXO. Vertical Research downgraded RXO from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Wednesday, January 10. Susquehanna raised their price target on RXO from $15.00 to $16.00 and gave the company a “negative” rating in a research report on Monday, March 25. TD Cowen lifted their price objective on RXO from $16.50 to $19.50 and gave the stock a “market perform” rating in a report on Friday, February 9th. Oppenheimer lowered their price objective on RXO from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus raised their price target on RXO from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of ‘Hold’ and an average price target of $20.23.

Check out our latest stock report on RXO

RXO Stock Performance

RXO stock opened at $19.37 on Friday. RXO has a fifty-two week low of $16.94 and a fifty-two week high of $24.33. The stock has a fifty-day moving average of $20.95 and a two-hundred-day moving average of $20.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 484.37, a PEG ratio of 6.66, and a beta of 1.08.

RXO (NYSE:RXO – Get Free Report) posted its latest quarterly earnings data on Thursday, February 8. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. RXO had a return on equity of 6.11% and a net margin of 0.10%. The company had revenue of $978.00 million for the quarter, compared to analyst expectations of $996.33 million. In the same quarter last year, the company posted earnings per share of $0.28. The company’s revenue fell 12.7% year over year. On average, analysts expect RXO to post earnings per share of 0.22 for the current fiscal year.

Insider buying and selling at RXO

In other RXO news, Major shareholder Mfn Partners, Lp purchased 870,000 shares of the company’s stock in a transaction on Thursday, April 18. The shares were purchased at an average cost of $19.52 per share, for a total value of $16,982,400.00. Following the transaction, the insider now directly owns 16,675,369 shares in the company, valued at approximately $325,503,202.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Insiders have acquired a total of 2,578,268 company shares worth $52,301,046 in the last three months. Corporate insiders own 1.50% of the company’s shares.

Hedge funds weigh on RXO

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in RXO stock by 16.3% during the second quarter. BlackRock Inc. now owns 18,527,587 shares of the company’s stock valued at $420,020,000 after acquiring an additional 2,595,713 shares in the last quarter. State Street Corp increased its position in shares of RXO by 15.7% during the second quarter. State Street Corp now owns 4,509,809 shares of the company’s stock valued at $102,237,000 after acquiring an additional 610,359 shares during the last quarter. Douglas Lane & Associates LLC increased its position in shares of RXO by 2.6% during the first quarter. Douglas Lane & Associates LLC now owns 2,646,147 shares of the company’s stock valued at $57,871,000 after acquiring an additional 66,757 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of RXO by 34.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,059,826 shares of the company’s stock valued at $40,453,000 after acquiring an additional 532,311 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in RXO stock by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,965,164 shares of the company’s stock valued at $38,773,000 after acquiring an additional 23,497 shares in the last quarter. 92.73% of the shares are held by institutional investors and hedge funds.

RXO Company Profile

(Get a free report)

RXO, Inc provides full truckload freight brokerage services. It also offers brokered services for managed transportation, last mile and freight forwarding. The company was founded in 2022 and is based in Charlotte, North Carolina.

RXO Stock Performance

Insider buying and selling at RXO

Hedge funds weigh on RXO

RXO Company Profile

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